Unconventional Monetary Policy of the System of the Federal Reserve Bank and its Impact on the Mexican Economy¶

In this project, I estimate a VAR-X Model to analize the effect of the _Forward Guidance_ and _Quantitative Easing_ tools implemented by the Central Bank of the United States of America during the Great Financial Crisis and the Covid-19 pandemic.

Endogenous Variables: Mexican Economy Indicators¶

Exchange Rate (FIX) and Equilibrium Interbank Interest Rate (TIIE)

Exogenous Variables: US Indicators¶

Effective and Shadow Federal Funds Rate, Industrial Production (INDPRO) and Volatility Index (VIX)